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I agree with Leo that Hughes will be dealt, it makes alot of sense. When you look at the players salaries for 2013 and know they don't want to exceed 189 mil, you see that it's the only way.
ARod 29. Jeter 17. Kuroda 15. Logan 2.8. Gardner 2.8. Phelps .6
Teix. 23.125. Grandy 15. Pett. 12. Hughes 5.7. Robertson 2.7. Ardsma .5
CC. 23. Cano 15. Mo. 10. Joba. 1.8. Nunez .628 Nova .626
With Whiteside/Romine/Cervelli/Stewart fighting it out for the 2 catching spots totaling 1.2 mil.
Bringing back Chavez and Ibanez at 1mil a piece and Ichiro at probably 8 mil( there was a rumor of 1yr/5 mil--I doubt that)
Would leave us at 189mil but with only 23 players. So in order to get to 25, we need to deal someone. Dealing Hughes and putting Eppley and Rapada at .600 ea. Would give us about 4.5 mil to use on our 25th player whether it be Drew or Victorino on a back laden contract.
We'd go with CC,Kuroda,Pettitte,Phelps and Nova in the rotation if we don't bring in some guys to fight for those last 2 spots i.e. Lannan,Karstens,Wang,Jurrjens,Pelfrey or Lowe.

When Yankees general manager Brian Cashman walks through the Opryland Hotel’s doors this morning for the start of the Winter Meetings, he will encounter a baseball fraternity that expects his team to make an eye-popping move.

“Come on, they are going to do something,’’ an NL talent evaluator said. “They don’t have a catcher or a right fielder. They might not be doing something here, but later they will do something. I think they are laying back, looking what shakes out.’’

The Rays are nearing a one-year deal with James Loney, but the team is also discussing the possiblity of a trade with the Nationals that would involve starting pitching for Danny Espinosa and Michael Morse, according to Jim Bowden of ESPN and MLB Network Radio (Twitter link).

I agree with Leo that Hughes will be dealt, it makes alot of sense. When you look at the players salaries for 2013 and know they don't want to exceed 189 mil, you see that it's the only way.
ARod 29. Jeter 17. Kuroda 15. Logan 2.8. Gardner 2.8. Phelps .6
Teix. 23.125. Grandy 15. Pett. 12. Hughes 5.7. Robertson 2.7. Ardsma .5
CC. 23. Cano 15. Mo. 10. Joba. 1.8. Nunez .628 Nova .626
With Whiteside/Romine/Cervelli/Stewart fighting it out for the 2 catching spots totaling 1.2 mil.
Bringing back Chavez and Ibanez at 1mil a piece and Ichiro at probably 8 mil( there was a rumor of 1yr/5 mil--I doubt that)
Would leave us at 189mil but with only 23 players. So in order to get to 25, we need to deal someone. Dealing Hughes and putting Eppley and Rapada at .600 ea. Would give us about 4.5 mil to use on our 25th player whether it be Drew or Victorino on a back laden contract.
We'd go with CC,Kuroda,Pettitte,Phelps and Nova in the rotation if we don't bring in some guys to fight for those last 2 spots i.e. Lannan,Karstens,Wang,Jurrjens,Pelfrey or Lowe.

If everybody who is under contract stays and everybody who is not leaves, the Yankees will have about $86 million to spend next offseason. There will be 10 more free agents next year not counting the Pettitte's, Mo's and Kuroda's and every other 1 year deal.....so the Yankees could have possibility the highest turnover in all of MLB history......There are only $73 million in guaranteed contracts for the 2014 season as we speak...now you know why Hal wants one year deals...........Cashman might be forced to trade the arbitration players as well to reduce even more....With the estimates of the arbitration players the entire payroll will be about $123 million and obviously less if Cashman trades some of the higher arbitration eligible players.....think the man is selling the team.